10,487 Shares in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Bought by Auxano Advisors LLC

Auxano Advisors LLC acquired a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,487 shares of the technology company’s stock, valued at approximately $641,000.

Several other hedge funds have also modified their holdings of SSNC. Headinvest LLC acquired a new stake in shares of SS&C Technologies during the third quarter worth approximately $26,000. Operose Advisors LLC bought a new stake in SS&C Technologies during the third quarter valued at $34,000. Cary Street Partners Investment Advisory LLC bought a new position in SS&C Technologies in the third quarter worth about $53,000. Fortis Group Advisors LLC bought a new stake in shares of SS&C Technologies in the 3rd quarter worth approximately $53,000. Finally, Allworth Financial LP grew its stake in SS&C Technologies by 126.0% during the 3rd quarter. Allworth Financial LP now owns 1,060 shares of the technology company’s stock worth $56,000 after buying an additional 591 shares during the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 29th. Citigroup increased their price target on SS&C Technologies from $70.00 to $71.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. TheStreet upgraded shares of SS&C Technologies from a “c+” rating to a “b” rating in a report on Friday, February 23rd. Royal Bank of Canada upped their target price on SS&C Technologies from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. Finally, UBS Group boosted their price objective on SS&C Technologies from $72.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, SS&C Technologies presently has an average rating of “Moderate Buy” and an average target price of $70.20.

SS&C Technologies Trading Down 0.0 %

Shares of SSNC stock traded down $0.03 during trading hours on Tuesday, reaching $61.89. 1,186,755 shares of the stock traded hands, compared to its average volume of 973,380. SS&C Technologies Holdings, Inc. has a 1-year low of $46.61 and a 1-year high of $65.86. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $15.30 billion, a PE ratio of 24.67 and a beta of 1.43. The business has a fifty day moving average price of $62.75 and a 200 day moving average price of $59.31.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, meeting the consensus estimate of $1.13. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.39 billion. SS&C Technologies had a return on equity of 17.24% and a net margin of 11.46%. On average, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 4.61 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.96 annualized dividend and a dividend yield of 1.55%. SS&C Technologies’s dividend payout ratio is 38.25%.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.